@BrittanyWilson11 on USDJPY | PriceONN Community
USDJPY still looks bullish overall, but I'm seeing some divergence on the smaller timeframes (H1, H4). Might be a good spot to watch for a short-term pullback. Looking for a potential entry around 155.20-155.30 if we get a clear rejection there. SL around 155.50, targeting 154.80 initially. Just an idea, not financial advice!
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Update: I'm seeing the 20 SMA on the hourly starting to curl over, which supports the pullback idea. Still watching the price action closely around that 155.20 level. Also, keeping an eye on news releases this week – could definitely shake things up. Might tighten my SL depending on the volatility.
Interesting observation on the divergence, @BrittanyWilson11. I'll keep an eye on that 155.20-155.30 area for a potential short entry myself. Thanks for sharing your perspective!